1170 W Medical Court Dr | Marion, NC 28752
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- LoopNet Team
1170 W Medical Court Dr
Marion, NC 28752
8.44% Cap MOB | 3% Bumps | Behavioral Health · Office Property For Sale
INVESTMENT HIGHLIGHTS
- Healthcare real estate has been a highly sought-after investment as it tends to be more resistant to economic downturns and market uncertainty.
- The property has 3% annual rental increases built in each year, a great hedge against rising inflation for a future investor.
- Tenant has been in place since 2007, showing a strong track record of successful operations at this site.
- The property is located less than an hour from Asheville, the largest metro area in western North Carolina.
- McLeod Addictive Disease Center is a nonprofit based in Charlotte that serves an average of 3,900 patients across the 9 current locations.
- The behavioral health market in the US is projected to grow from $77.62 billion in 2021 to $99.40 billion in 2028.
PROPERTY FACTS
Property Type
Office
Property Subtype
Building Size
6,052 SF
Building Class
B
Year Built
1988
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
3,026 SF
Building FAR
0.14
Lot Size
1.00 AC
Zoning
OU
Parking
32 Spaces (5.29 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 1701-17-10-0887 | Improvements Assessment | $410,320 |
| Land Assessment | $60,000 | Total Assessment | $470,320 |
PROPERTY TAXES
Parcel Number
1701-17-10-0887
Land Assessment
$60,000
Improvements Assessment
$410,320
Total Assessment
$470,320
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